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05 February 2013

Air Lease orders 25 A350s including five -1000s

Lessor Air Lease has underpinned the Airbus A350-1000 by
ordering five of the type as well as 20 A350-900s.

The
leasing firm has also firmed options on 14 A321neo twinjets.Airbus says the company has options for
five more A350-1000s. The deal marks the third endorsement of the largest
member of the A350 family since its redesign.

Steven Udvar-Hazy’s Air Lease’s
order is a boost for Airbus as Boeing works to fix electrical faults that
spurred regulators to order the global Dreamliner fleet parked last month.
Udvar-Hazy, the lessor’s chief executive officer and founder, has 12 787s on
order and hadn’t yet ordered any A350s, a model that will make its commercial
debut in 2014 after suffering delays.

Udvar-Hazy earned a reputation as the godfather of the jet- leasing
industry after starting International Lease Finance Corp. in 1973, which he
sold to American International Group Inc. in 1990. He left ILFC in 2010 and
founded Air Lease.

Based on the article “Airbus Wins $9 Billion Order as Hazy Adds A350s to
787s” published in Bloomberg